HousingHandbookReference data

U.S. ZIP Code · NV89502

Washoe County · Reno, NV

Typical home value

$438,647[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.5%
5-year / yr
+3.1%
10-year / yr
+7.4%

Relative price

vs U.S.
+54.4%
vs metro
-9.0%
vs state
+5.2%
ZIP 89502 location in NV
Location of ZIP 89502 in NV

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 89502 is worth $438,647 — 9.0% below the Reno, NV median. Over the past year, values have fallen 1.5%. Homes here rent for a typical $1,447 a month — a 4.0% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,447[2]
Gross yield
4.0%[2]
Cap rate
2.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,841[3]

#Climate risk

FEMA National Risk Index ratings for Washoe County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Relatively High
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Very Low
Earthquake
Relatively High
Winter weather
Very High

#Who lives here

Population
46,691[3]
Median household income
$65,328[3]

#Migration

Household moves in and out of Washoe County over a year, from IRS tax-return data.

Net migration
+897[5]
Moved in
12,886
Moved out
11,989

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
17
Elementary
10
Middle
2
High
4
  • EARL WOOSTER HIGH SCHOOL

    High · Grades 9–12 · Washoe County

    1,483 students

  • EDWARD L. PINE MIDDLE SCHOOL

    Middle · Grades 6–8 · Washoe County

    806 students

  • NORTH STAR ONLINE SCHOOL

    Other · Grades K–12 · Washoe County

    640 students

  • E. OTIS VAUGHN MIDDLE SCHOOL

    Middle · Grades 6–8 · Washoe County

    572 students

  • ACADEMY OF ARTS CAREERS & TECH

    High · Grades 9–12 · Washoe County

    551 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.0%
Net yield (after ~40% expenses)2.4%
Annual rent$17,366

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,218
Loan principal$350,918
Down payment$87,729
Total interest paid$447,576

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.89
Monthly cost to own$2,737
Monthly rent$1,447

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
15th percentile[1]
Rental yield
38th percentile[2]
Property tax
38th percentile[3]

Frequently asked

How much is a home worth in ZIP code 89502?
The typical home in 89502 is worth $438,647, based on the Zillow Home Value Index.
Are home values rising in 89502?
Home values in 89502 are down 1.5% over the past year, and up 3.1% a year over five years.
What is the typical rent in 89502?
A typical home in 89502 rents for about $1,447 a month, a gross rental yield of 4.0%.
What is the property tax rate in 89502?
The effective property tax rate in 89502 is 0.4% — roughly $1,841 a year on a typical home.
Who lives in 89502?
ZIP code 89502 has a population of 46,691 and a median household income of $65,328.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Sun Valley CDP, NV

    Typical home
    $436,347
    Gross yield
  • Reno, NV

    Typical home
    $455,535
    Gross yield
    5.6%
  • Dayton CDP, NV

    Typical home
    $455,584
    Gross yield
  • Reno, NV

    Typical home
    $417,043
    Gross yield
    4.8%
  • Virginia City CDP, NV

    Typical home
    $409,374
    Gross yield
  • Wadsworth CDP, NV

    Typical home
    $405,413
    Gross yield

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